Paris

Paris is grounded in a strong culture and a guarantee of quality. Whether it is business, quality of life, local craftsmanship, hospitality or tourism, the French capital cultivates a pristine reputation by combining its culture and traditions with strong business values and growth.

Paris is a way of life. Being a Parisian goes beyond a job or even a simple nationality (most famous Parisians are actually foreigners); it is about the lifestyle. The CEO of a multinational company or an underground documentary maker will both love buying a croissant and a newspaper every day at the old news stand on their street and drinking a café on a terrace before heading to work.

Living in or buying a luxury Paris property is about more than settling in one of the most attractive and central European cities – it is also about investing in its art de vivre.

The experts say

Paris had a supertax of 75%, put into effect in 2012, on individuals earning more than €1,000,000. This made the Parisian property market less attractive for wealthy individuals looking for a second home. In early 2015, the tax was removed and in addition to the lowering property prices in recent years, the market has seen some increased interest by wealthier individuals.

The luxury property market in Paris

Property prices have dropped in Paris due to the recent economic crisis and the poor performance of the euro on a global scale. This has caused an increase in the demand for property investments and the purchasing of a Paris commercial property. Some properties, however, in desired locations such as the 17e arrondissement, have remained strong in value. With a predicted 3% drop in property value in 2015, Paris has become a buyer’s market for an investment property or a commercial property.

Luxury properties in Paris, such as big family homes in the 16e arrondissement for example, are priced at a level that is very attractive for anybody seeking to purchase a piece of the city. Near the 8e arrondissement a one-bedroom apartment starts at about €500,000. In the 9e arrondissement, a three-bedroom property is on average priced at €1,000,000. In more desirable arrondissements, properties can easily reach €5,000,000. With the number of tourists and students visiting Paris, the rental opportunities for flats are abundant and sure to be lucrative.

On average, buyers should retain about 8% of the property’s value in order to pay for the land registry’s tax, notary and various other fees incurred by purchasing a property in Paris.

How to Get There

By Train

Eurostar and the TGV serve Paris’ Gare du Nord. It is the perfect landing mark for anybody entering Paris, as it offers quick and easy transfers to buses, RER and the Paris Metro.

By Air

Paris’ Charles de Gaulle Airport is one of the major international hubs. There are multiple fights flying in and out of the airport on a daily basis.In addition to Charles de Gaulle, Orly Airport acts as Paris’ secondary air-port and favoured amongst low-cost airlines.

Weather

Spring / Summer

The spring sees Paris at its best. The weather is temperate, with an aver-age temperature of 4 degrees Celsius in March. The summers see lots of sunshine and an average temperature of 20 degrees.

Fall / Winter

October is a very cool period for Paris. It is often wet and rainy. The aver-age temperature is 10 degrees and often sees it go below 6 degrees. The winters are quite cold and have a low temperature of 0 degrees.